The Reserve Bank of India (RBI) will meet the country's top bankers on Thursday's for pre-policy discussions, in which the latter will seek a deferral of the higher provisioning norms that came into effect today. In addition, the recent RBI norm that increased the threshold level of bulk deposits to Rs 1 crore from Rs 15 lakh is hurting the retail savers and it needs to be reversed, bankers said. RBI governor D Subbarao, along with four deputy governors, will meet the bankers. The central bank's annual monetary policy will be announced on May 3...........
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